On September 6, 2024, Samir Desai, the Executive Vice President and Chief Digital & Technology Officer of Abercrombie & Fitch Co (ANF, Financial), executed a sale of 19,041 shares of the company. Following this transaction, the insider now owns 27,985 shares of Abercrombie & Fitch Co. The sale was documented in a recent SEC Filing.
Abercrombie & Fitch Co, a specialty retailer, operates stores and direct-to-consumer operations through various brands including Abercrombie & Fitch, abercrombie kids, and Hollister Co. The company offers a range of apparel, personal care products, and accessories for men, women, and children.
Over the past year, Samir Desai has sold a total of 28,785 shares and has not made any purchases. The insider transaction history for Abercrombie & Fitch Co shows a total of 25 insider sells and no insider buys over the same timeframe.
On the day of the sale, shares of Abercrombie & Fitch Co were trading at $131.36, giving the company a market cap of approximately $6.63 billion. The price-earnings ratio of the stock stands at 13.76, which is below both the industry median of 17.68 and the company's historical median.
According to the GF Value, an intrinsic value estimate developed by GuruFocus, Abercrombie & Fitch Co is significantly overvalued with a price-to-GF-Value ratio of 2.55. The GF Value of $51.49 is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from analysts.
This sale by the insider might be of interest to current and potential investors, as it provides insight into the insider's perspective on the stock's valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
